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they will hurt the economy and it is not a serious deficit proposal. higher taxes the president proposes only pay for seven days or eight days of washington spending. economic growth, for example, returning to the revenue of 2009 will cut our deficit in half. so if you cuple that with real spending cuts, authentic spending cuts you really have us headed back toward a balanced budget. and if we focus on how we find a bipartisan way to solve the social security and medicare, that is a signal to investors that we have the right track. melissa: so if they came out and said they were willing to do something real to cut spending, especially wen you come to entitlements, would you be willing to then go back and revisit the idea of marginal rates? >> well, my thought still is if you raise taxes on the small businesses, you know, and on successful families you have actually drag the economy down. that does not help us close the deficit gap. may be politically of fun move for someone to hang their hat on, but the deficit and an economic stadpoint, it's just is not make sense. melissa: i absolutely hear wha
's translate that. according to the congressional budget office, falling off the cliff would cut the deficit but stop economic recovery in its tracks. now presidents in both parties usually try to put money in people's pocketses to stimulate the economy. president bush sent taxpayers a refund check while obama has cut payroll taxes. p falling off the cliff is a reversal of that approach. that's why the cbo estimates economic growth would drop under 1% to just .5%. and unemployment could jump over a point to 9.1%. heather, we know the costs, we understand this game because the republicans have been playing it for a while. do you think anything has shifted post-election in way that will actually get a deal done? >> i think what's really come to roost for conservatives has been the fact they were pushing a vision for our economy that included basically just this, except for the tax increases, right. they said starting in 2010, the deficit is the most important thing, it's the most important thing, and now, they're basically faced with immediate deficit reduction and realize, oh, this is actuall
from this incredible deficit. melissa: i hear you and i agree with you, but that message, feels like by virtue of the last election the rest of the country is not agreeing with that. >> i think time will prove this is right. the president has to look at legacy, he is the worst president in all of american history if the economy continues on a crash course as it is right now. the real opportunity is just presenting itself for folks in the tea party where we can say cutting spending is the only answer. if you tax everybody that obama is talking about taxing, the most you could cut off the deficit is 5%, something insanely small. that will not do anything. the message has to be to cut spending and until that resonates with americans, have to realize the economy will keep declining. melissa: ho huggies is a spendig problem, not a revenue problem? >> the left is always going to try to appeal to the low information voter. so we have to take information, make it really simple, on complicated and communicated in a narrative that can be marketed to the masses of people. if you take the tax in
, the u.s. situation with respect to our deficit and debt is a national security liability. we need our senior leadership to take it on. we have an opportunity to do so, a requirement to do so. the foundation of national power is ultimately economic. in terms of global influence, in terms of the ability to support a military, the economic is foundational. i think in the u.s. we have both an opportunity and requirement to get our house in order. i believe what hundreds of tatars and 435 members of the house will step up -- what 100 senators and 435 members of the house will step up. >> so we have america under control because of the amount of treasuries? >> [indiscernible] our position to the nine states is very, very decisive to strengthen our relationship. there is no intention for us to use this economic relationship and a different context. we are very satisfied. that's all. >> let me open up to the floor. with four microphones around the room. fast.going to go i will call on people whose names i don't know. but that is josh rogan from "the cable." >> thank you for your time today. i
will not increase the federal deficit. they said it will reduce it slightly. ten years slightly and 20 years significantly. it's complete bs to say that this has any deficit implications. it doesn't. this is just a smoke screen. it's a red herring. it's another excuse for not doing what needs to be done. the american people have spoken. the central issue in the campaign was not only tax fairness but raising taxes on the top 2% as a means to help us balance -- get rid of the deficit and eat into the debt. and the american people have said, yes, that's one of the components of the deal. so this is just another smoke screen. it's a delaying tactic. i truly believe that if they keep this up they will pay for it and they will pay for it big time, certainly in the election of 2014. but the sad part is, the nation and people can't wait. we've got to resolve this debt because if we do so, rev, will cause the economy to explode. we will see a resurge in investment, good things happening for the economy. >> congressman ellison, with all of that at stake and clear from every expert that we've heard, it
the type of serious deficit reform needed to bring down the $16 trillion debt? >> well, you know, i think anytime you're talking about a deficit, there's two ways to bring it down, and i know you know this well. you're either going to raise revenue or have cuts, and i would continue to argue for a balanced approach which means i do think you can find savings in both programs. but what i'm concerned about is what the real agenda is and the real agenda, in my opinion, is to end medicare. i mean, that was certainly a big item in the presidential debate is changing medicare into a voucher program. so what i don't believe in is changing the fundamental structure where we break the guarantee to seniors that we've had in our country for decades. that i disagree with. finding savings, there are certainly ways to do that in both programs, but neither one is going to balance or is going to address the deficit without clearly raising revenue. >> an interesting thing has developed among some of your fellow members in the house, democratic caucus, peter welch of vermont, if a deal is bad, that if it's
which means lowering tax rates not necessarily deficit reduction. it is the same policy romney had. it is where they were before the election. they gotta wake up and see the election, change things and they actually have to meet democrats somewhere in the middle. >> bill: i would hope. i would hope. new york times this morning, front page of the business section in terms of closing loopholes, romney was never specific about which one. new york times is saying that they know -- now we know one of the ones they're targeting. the headline is a tax break once sacred is now seen as vulnerable. what they're talking about is the mortgage interest deduction. there was no doubt it is on the table. it is one they're targeting rather than raise tax rates on the wealthy, they're going to either limit or get rid of the mortgage interest deduction. which is the most popular one. >> the most popular one. politically difficult i think. that's really the problem with romney's entire approach that said we'll just create revenue
of sweden suggests teens and adults with attention deficit disorder are four more times likely than others to break the law and also found the use of adhd medication into adulthood might also help curb crime. >>> to sports we start with two nba games. lifting the hawks over washington, 101-100 and next, russ well westbrook had a fading jumper over chris paul. oklahoma city beat l.a. 117-111. >>> fourth ranked michigan made a second half come back at the nit semifinals. wolverines beat pittsburgh skaech-62, to advance for the championship game. a big nfl thanksgiving triple header today, come on, men, you know you're excited, starts with texans at the lions at 12:30 and redskins at downs at 425 and primetime matchup has the "new york times" jets at 8:20 on nbc. >>> your entertainment is straight ahead. on this thanksgiving, actor william shatner gets autotuned in this deep fried turkey from state farm. it's a little bizarre. take a listen. ♪ ♪ i want a deep fried turkey, a moister taking turkey ♪ ♪ blinded by my hung er i ignord safety ♪ ♪ spatula tasted science you're not flame
study out, sweden suggests that teens and adults with attention deficit disorder are four to seven times more likely that be others to break the law. the study published in the new england journal of medicine also found that the use of adhd medication into adulthood might also help curb crime. >>> markets left off on a high note before closing for today's holiday. the dow close at the 12,836 after gaining 48 points. the s&p was up three and the nasdaq added nine. >>> heading overseas now, the nikkei shot up 144 points, while the hang seng climbed 218. >>> hostess has made their last twinkies and loaves of wonder bread. the company whose products date back to the late 1800s has received permission to sell off its brands putting more than 18,000 workers in the unemployment line on thanksgiving eve. >>> on a brighter note, home improvement retailer lowe's handed out 22,000 thanksgiving dinners to new york and new jersey families impacted by hurricane sandy. meanwhile, demonstratored protested outside and inside a walmart in oakland, california. similar protests are planned at over 1,000 wal
-14 but it was different today in the turkey bowl. the mustangs were 10-1. the mission bears come back from a 14-0 deficit. when number 4 dives in for a touchdown, bears take a lead. the quarterback finds number 3, his big 60-yard play. sets up the touchdown plunge. 23 seconds left. mustangs score. that is it. from the mr. go to guy. they win the city section championship 22-21 over the mission bears. san jose bull dogs brought their undefeated record into the big bone game today at the san jose city college. san jose high, a ball just -- just sitting there. somebody pick it up. finally cruz. watch him down the field. across the field. 60 yards. down to the 5-yard line. lions beat the bull dogs 55-13. both schools finish with 9-1 records. dallas cowboys are the most recent believers in the new star power of rg3. washington spent thanksgiving in dallas today and robert griffin iii adds more big plays to his resume. a 60-yard touchdown. robert griffin iii completes 20- 28 passes. 4 touchdowns and a pick. washington scores 28 points in the 2nd quarter. this is rg3's pass to pierre garcon for another 59-yard
-0 deficit. 21-14 late in the game, but lincoln comes back to score the two-point conversion by tyree. 22-21! >> we worked hard from the beginning. all we did, all the fighting, we were torn. and it's great to happen! >> i'm very proud of this team. we've been through ups and downs, injuries all year. i love my team! >> last week, we said, hey, we're gonna eat some turkey. we're gonna be champions. >> who would have won? we would have never did it! >> right. all right. nfl, 49er business. quarterback alex smith practiced today. he reportedly has been medically cleared to play, but the team is denying it. so is it colin kaepernick at center in new orleans? jim harbaugh speaks tomorrow afternoon at niner headquarters. >>> hey, did you hear? it's thanksgiving! right place, right time, in the woodside high school. runs it back for a touchdown. he scored six in the last two games. 49-19. they get the best of the jets. >>> college basketball, cal up. richard solomon. no foul called. he gets teed up. moments later, mike montgomery gets up. bears trailed by as much as eight but they come on back.
billion dollars this year, than it was in 2007. that's where the deficits are coming from. that's what should be talked about more than taxing people o are working their rear ends off to do better for themselves. >> i've got to tell you i don't like when warren buffett is brought into a discussion about people making $250,000. >> two different worlds. >> he's a very good business man. >> an amazing businessman, he doesn't car about taxes. >> he's not the only businessman saying it. >> it's not just the fiscal cliff coming on january 1st, more of the president's health care law is starting to kick l log on to foxnews.com. ♪ >> well, the election is over and the white house is putting out new rules for the health care law, one is telling how to reward workers for living a healthier life. so, ben, you know what? let's put aside the worry that this is going to drive up cost? isn't this more of the nancy state nonsense? >> big brother is watching you, big brother is watching you through the obama white house, through the department of health and human services and transmit that to the j
have to tackle the deficit. it's not only what we spend today, it's what with we owe tomorrow. sessions ha said we know what happened in the stimulus of 2009, $800 million was basically wasted. the president himself admitted the failure. there wasn't enough shovel-ready jobs, and not only that, it did not prevent national unemployment from being below 8%. in fact, it hasn't been below 8% for most of his term as president. so sessions was a shot over the bow to senators and house members, don't be fooling around with the stimulus. we've got to fix spending, and we also have to tackle revenue. but it's not going to be done with you now throwing a huge stimulus that we can't afford. ainsley: jeff sessions says spending will go up. do you agree with that? >> no. and as much as i love mr. smith dose to washington, i don't think one senator should be able to buck the will of the american people. two weeks ago we had an election, and the voters spoke loud and clear. they prioritize job creation over deficit reduction. now, the reality is the two don't have to be mutually exclusive, and i think
is an integral part of deficit reduction. yes, from my side of the table bring entitlement reform into the conversation. social security, set aside. doesn't add to the deficit but when it comes to medicare and medicaid, protect the integrity of the program but give it solvency for more and more years. martha: alabama republican jeff sessions is the ranking member on the senate budget committee. senator sessions good morning. good to have you here today. >> martha, thank you. martha: a lot of talk this morning after these sunday shows and watching both sides talk about this fiscal cliff about who seems to be moving and in what direction. what are you hearing, what are you hearing from lindsey graham who says, quote he is willing to break that pledge on taxes under certain circumstances? what are they really saying? >> i'm not sure what they're saying. there's a lot of this talk going on. i don't know who is speaking for the republican party. the house of representatives where you have a substantial republican majority but the truth is that this country does not need to go through t
're willing to close tax loopholes to reduce the deficit, now we haven't yet seen that from congressional republican leaders, but we obviously are seeing it from prominent republicans you showed including senator graham and senator bob corker. >> question about two of those gentlemen here in a moment. cnn this morning talked to grover norquist, incumbents dare to break this pledge, dare to vote to raise taxes. the question was will he do it again? here's norquist. >> we would certainly highlight who has kept their commitment and who hasn't, but the point is historically the people who lose do so because the people in their state have figured that out. >> back to, i think, where you were going a moment ago, bob, it is interesting that when you look at the top two, two of the top republican senators we're talking about who are flirting to break this pledge, break with grover norquist and consider raising taxes on the wealthy they both face re-election in 2014. i'm talking about saxby chambliss and south carolina's lindsey graham. does that say to you that the political winds could be shifti
the typical washington show game and take a few bills. if we want to cut the budget deficit we have to look at everything that's been passed and make decisions against each of those. if obama-care is the most important policy considered its survives. if there are other things being considered it doesn't survive. that's the only way to approach cliff that's running out very quickly. rick: if there is a deal spending cuts have to be put on the table and obama-care cost a lot of money. >> that's not true. it cuts the deficit in a 10-year period and even more so over 20 years. john boehner said in his own op-ed that he tried two different ways to get rid of obama-care, going to the supreme court and in the election. they tried 33 times to repeal obama-care in the congress and failed all 33 times. the bottom line is now we have obama-care. it is the law of the lands. we need to take the off the table and focus on the bush tax cuts which american voters decided they want to keep for people under $250,000 and they want to get rid of for people making more than $250,000. rick: obama-care lowers the
and says the end for hp is not even sight. >>> also, japan has posted its worst trade deficit in october for more than three decades. exports dropped sharply amid territorial tensions between tokyo and beijing. it indicates the world's third biggest economy is inching closer to recession. this means the country would have seen its fifth technical recession in 15 years. at the same time, japan's opposition party promised a massive easing blitz meant to pull the economy out of its funk. that's if the ldp returns to power on december 16th. he promised to compile a large extra budget. he's also it rated calls to lift calls above the 1% target. >> translator: we should target inflation of 2% to 3%. i prefer 3%, but i will leave that up to the experts. i have never said the boj should directly buy bonds from the government. they should buy them from the market. >> his party is also considering the revision of the bank of japan law. yesterday the bank of japan chief hit back saying it was unrealistic. >>> just the latest in japan. let's get the market report kicked off by sixuan. >> let me star
, will congress be able to reach a fiscal cliff deal that really cuts spending and the deficit? wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> another busy news day. markets higher right now. we had the cease fire now announced between israel and hamas. if there isn't peace in washington on avoiding a fiscal cliff, will these gains go away in a hurry? >> joining us now, rich bernstein, cnbc contributor, anthony chan, and our own bob posani. bob, so far we've seen, what, t
the deficits are coming from. that's what should be talked about more than taxing people who are working their rear ends off to do better for themselves. >> i've got to telldon't like wt is brought into a discussion about people making $250,000. >> two different worlds. >> he's a very good business man. >> an amazing businessman, he doesn't care about taxes. >> he's not the only businessman saying it. >> it's not just the fiscal cliff coming on january 1st, more of the president's health care law is starting to kick in. how much more will you be paying? we're going to find out. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios ..is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is
it was in 2007. that's where the deficits are coming from. that's what should be talked about more than taxing people who are working their rear ends off t do better for hemselves. >> i've got to tell you i don't like when warren buffett is brought into a discussion about people making $250,000. >> two different worlds. >> he's a very good business man. >> an amazing businessman, he doesn't care about xes. >> he's not the only businessman saying it. >> it's not just the fiscal cliff coming on january 1st, more of the president's health more of the president's health care law is starting to kick [ malannouncer ] it'that time of year again. time for cii price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. ♪ [ male anno
, the two false wars created the deficit. we need to lock arms and walk up to the cliff and see what it is all about. >> bill: arnold you got it. alan in new bedford mass. >> caller: good morning, bill. i think there are two separate issues. the bush tax cuts were to expire in 2010. they were only extended was because of [ inaudible ]. period. >> bill: yeah, that was all over the debt ceiling negotiations. the president went along with it, but it's time to end them now. they are still making the argument that that is a job creator. no, it's not. no, it's not. >> announcer: this is the "bill press show." ♪ >> announcer: chatting with you live at current.com/bill press. this is the "bill press show," live on your radio and current tv. >> bill: how about it coming to you live indeed. coming you live on cirrus xm this hour only and on current tv. republicans talking out both sides of their mouth. on one side they are saying hey yeah, we realize we have to raise revenues. but huh-uh but we're not going to raise tax cuts on the wealthiest of americans. we're going to mak
will not have any growth. >> look, let's be clear about this, you are running a $1 trillion deficit right now. those basically show you that you are going to get you to run 2% growth rate economy for the next decade and that is not strong enough to create the kind of employment, growth and environment economically that she wants to see. you have not seen that since the 1960s on an annualized basis. simply a function attacking the fiscal problems first. it was not until the tax cuts kicked in in 1983 that the economy really kicked off. thank you. good to see you both, have a good thanksgiving. lauren: say goodbye to the twinkie. and at least say goodbye to the twinkie right now because hostess and the union unable to agree to new labour terms. today host is back in court to wind down operations but also talks a possible buyer. thvery latest on the company's future. david: the move could have a big impact on our economy. some economists say it could be closing even more. coordinate traininhe spent yearg business joining us for an inside look. lauren: santa claus is making a list, the results of
dick durbin says medicare and medicaid are fair game in deficit negotiations, but insist social security should be left alone. >> social security does not add one penny to our debt, not a penny. it's a separate funded operation, and we can do things, and i believe we should now, smaller things, played out over the long term that gives it solvency. medicare is another story. only 12 years of solvency lie ahead if we do nothing. so those who say don't touch it, don't change it are ignoring the obvious. >> despite showing willingness for reform -- >> can we talk about that for a second? >> i don't want to repeat what you said. >> it's bull hockey. >> that's not what you said. >> this whole thing has been a complete farce for years. there's no trust fund. they raided that a long time ago. but the bigger point, i will because you know what? my heart has grown like the grinch's since thanksgiving. i have so much to be thankful for. >> it's been growing ever since election day, basically. >> so i'm going to be kind. first of all, senator durbin deserves respect on this front because he
to the federal deficit. cutting it doesn't change the deficit or debt picture. a year or two of extra work, think progress writes may not seem like much with his cushy corner office. for a factory worker or janitor it can be real problems. life expectancy is longer. >> you can't afford a little hike in your taxes? really? >> stephanie: no. >> can i make a request? can we take justin on line one? i want to hear this. >> stephanie: okay. justin in huntington beach. you're on "the stephanie miller show." hi justin. >> caller: hey, guys, how you doing? i don't know if this makes me the world's best father or the world's worst father because my son and i basically raised him watching your show. so but what's really funny is every time he hears reince priebus, he says reince priebus. it doesn't matter whether it is on the radio or in the car. it is pretty hysterical. >> reince priebus. >> stephanie: i'm sorry. do it again justin. >> really loud. reince priebus. [ laughter ] >> stephanie: what's his name? >> his name is
something about the $16 trillion deficit, i think the bottom is going fall out of the dollar, totally. >> greta: what has been the -- when you asked to be paid in gold, the answer was what? >> they got, quoted opinions from a progressive pragmatic judge says the constitution says states will pay their debts in gold and silver doesn't mean that. they said that hey, they will wire my payment, my payroll, by wages, they'll wire where ever i want them to. i intend to wire where they'll send me gold and silver dollars for pay. >> greta: so that is taken care of? it's got an extra step or they can write you a check and you can go buy gold if you wantedded. you can get your gold, you can get your gold, right? >> yes. i'll end up getting gold and silver coins, yes. >> greta: anyone else agreeing with you? joining suit? anyone else in the legislature? >> there are a few others agreeing with me, but none have come out and been willing to put their, expose themselves as much. >> greta: what do you attribute the decline to? do you blame it on washington? is there anything in particular you identi
as congress returned to work. lawmakers are under pressure to strike a deficit deal, preventing the tax hikes and deep spending cuts. wall street's week got off to an uncertain start, partly over concerns that strong holiday sales won't last. the dow jones industrial average lost 42 points to close at 12,967. the nasdaq managed about a ten- point gain to close at 2976. the woman who helped steer the government's regulatory response to the 2008 financial crisis is stepping down. mary schapiro announced today she's resigning as chair of the securities and exchange commission after nearly four years. president obama has designated s.e.c. commissioner elisse walter to replace schapiro, effective december 14. in bangladesh, thousands of people protested today over a deadly fire at a factory that makes garments for american and other companies. at least 112 people died in the saturday night blaze on the outskirts of dhaka, the country's capital. today, crowds of textile workers demanded justice and improved conditions. they accused management of putting production quotas ahead of people's lives. .
have to do something about the deficit, and here's a good place to start.str if you need to actually bring i, revenue, the best place to do it is where it does theeast rm.hat that's on tax cuts for the wealthy. that's something that's really unassailable. now, if we were in conditions when we didn't have any deficiti issues, of course, we wouldn't have a need to raise taxes on anyone one, but we have competing priorities and have to find a way to pay for them. melissa: we have a spendingwe problem, h drunken sailors, a credit car to run forever, and we just can't. >> that also has consequences.ee as everyone knows with the looming so-called fiscal cliff discussion, if you cut too muchu you also drive the economy into an abyss so, you know, we'd all like to say we cut spending and live within our means, but it's not as simple as that.ple you can also cut spending too much so that you actually hurtrt the economy you're supposed to help. melissa: so, i agree with whath you are saying, and this is too civil. i got to derail it somehow or else it's no fun; right?in what's the point in doi
wants to see. it is a $4 billion package of cuts to the deficit a combination of spending cuts and new revenue and about $2 trillion of that coming from getting rid of the bush tax cuts. at the same time while getting rid of the tax cuts for the wealthiest 2% of americans letting the tax cuts for 98% of americans continue because the middle class do need the help and the wealthiest people do not. so to get there of course, and by the way let's back up, right. the president put forth his plan on november 6th and mitt romney put forth his plan and the american people said no, we don't like that romney way of going which is to continue to coddle the rich. we agree with president obama. so now the negotiations are underway. about how to avoid going off the fiscal cliff. and what is the president doing? yesterday, he met with small business leaders. at the white house. the white house met with leaders of jack lew, the chief of staff. met with leaders of the chamber of commerce. today the president is meeting with so
of the issue. >>> in global market news, japan logging its fourth straight trade deficit in october. the european debt crisis with china over a territorial dispute actually reduced exports. and we continue to follow the latest developments out of the middle east. secretary of state hillary clinton traveled to the west bank this morning to meet with palestinian president mahmoud abbas. abbas heads the west bank, while the palestinian militant group hamas controls the gaza strip. hamas is considered a terrorist organization by the united states because it continues to refuse to recognize israel as a state. the united states has a policy of not negotiating with terrorist organizations. that's why she's not speaking with anyone in gaza. her visit comes hours after a meeting with israeli officials that lasted late into the night. >>> let's take a look at the markets this morning. we already showed you the futures. they are down slightly. dow futures down by about 23 points. in europe this morning, you'll see that -- also, by the way, a lot happened yesterday. ben bernanke started talking
care law be on the table in the deficit talks, although didn't he tell diane sawyer it was the land of the law? anyway, the cincinnati enquirer saying we can't afford it and can't afford to leave it intack. so, keith, are we -- i mean, is this the same version repeat the first, whatever that is? you know, same old, same old. he told diane sawyer straight to her eyes this is the law of the land. >> i guess the tea party people got to him. there's a story that they called election night and neither one came to answer the phone and reportedly they were asleep. i think they actually were asleep because apparently they slept through the fact we had an election and they lost. they still think that they're going to repeal obama care and john boehner, if he seriously thinks it's up for negotiations in this fiscal cliff talks has to be crazy. out of his mind if president obama or democrats have a reason to give up on something that the american people approved. it is just not going to happen. they need to move on. >> zachary, one thing about the fiscal cliff, because there are certain rumors
care system dropped from 64% to 55%. to go over to the budget, substantially reduce the budget deficit. 42% thought the obama administration would be able to do that in 2008. avoid raising taxes. control illegal immigration. heal political divisions in this country. 54% thought so in 2008. bob in north carolina on are democrats' line. you are up next. caller: i just think it is going to be better coming up this next time because i believe obama it did need a second chance. i voted for him. i am a native american and i lived on a cherokee indian reservation. we have to balance our budget. our leaders serve four years just like the president does. we make our budget work. if we don't have the money, we don't do it. that is all i got to tell you. host: jacqueline pata is going to be on later in this program. how would you describe the conditions where you live? caller: we have a heritage casino down here and it does a lot for us. we send all of our kids to college. we pay for it all. they can go to college anywhere in the united states. host: indian gaming has helped urination? caller: ve
in an opinion piece this week that the president's health care reform must be included in deficit negotiations. >>> before you tell your kids a story of christmas, listen up. the pope is out with a new book, and it debunks a lot of details about jesus' birth. more on that later on this hour. >> here on the help desk we're talking about paying down debt and saving for the future. with me this hour are greg olson and carmen. greg, this question is for you. suzanne told us the more she spends on paying off her debt, the less she has to save. >> how do we balance between saving for the future and paying down some credit card debt? >> you know, those bills come in, and you see that debt, and your eyes just pop out of your head. >> it's an easy question, but i'm very glad she asked it because it's something that most people get wrong. unless you have an introductory rate or you're paying a sfwler 0% introductory rate and have the ability to transfer that in the future, low credit card debt rates are considered 12% right now. show me where you can get an investment that's going to net on an after tax
officers, and teachers. and we're going to pay for that. no more deficit spending. we'll pay for it by having a surtax on people who make more than $1 million a year. and that surtax is .3%. they stopped it. they stopped it dead in its tracks. every republican voted against that. that is the way that they have legislated this entire year. and by our getting rid of the motion to proceed, that we're turning country upside-down is ridiculous. it's not true. they have legislated with the effort to defeat obama. he won. he won by 2 1/2 million votes, 325 -- 327 electoral votes, overwhelming. even though they did everything they could to stop him from being reelected. everyone knows what a failure this congress has been because of what the senate has done and that's nothing. nothing. no job creation. they didn't want that. it would -- if -- if we had had some ability to create jobs, it would have helped obama, it would have helped the country. but, no, that wasn't what they wanted to do. and a terrible day for them last year was the -- several months ago, the supreme court -- can y
to see them try different things. first of all, let's recognize the fact that we had the deficits right now as a result of obama's budget. that's $5.3 trillion. that's in his budget. he signed that. we have a lot of the programs that should be undone. give you an example, we had a democrat president back in the '90s, bill clinton, while we had a republican majority in the house and the senate. we did welfare reform. we put the work back into welfare and it was tremendously successful. we decreased the welfare rolls. now, obama's reversed that. now we have it's gone up, the food stamp program now gone up from 28 million families to 47 million. that's just one of the things that can be reversed, that got news this mess to start with. >> gretchen: but senator, why does it appear -- and obviously the election was a result of it -- why does it appear that president obama wins the pr campaign on this entire discussion? >> well, gretchen, i represent oklahoma. he hasn't won up there. >> gretchen: but he's winning it acrossment country. >> well, i know, he's a very persuasive person. that doesn
we need other than taxing the rich? >> we need a framework so you can look and see the deficit is coming down to near zero. that's what we need. >> where do we get the money on the spending side? >> well, first, on the taxes in addition to raising the tax rates, what we're going to start hearing much more about is the unbelievable tax gimmicks. i just want to say, but, joe, one thing about that, if i could. >> where is the spending coming from? >> i want to say one thing about that that's funny. go google and some of our other biggest companies have been hiding profits for years from the irs. with the irs' approval, putting it in bermuda and so forth. now europe is saying, because they use european con duets, okay, we'll tax that. no, that's money that should be taxed by the united states. stow if we continue our gimmicks we're going to lose it to europeans. >> so we have to raise rates and we have to cut loopholes. what about on the spending side? where do we get the money there? >> we're going to have to get defense under control and spend these wasteful wars have added trill
penny to the deficit. we should put together something like a simpson/bowles commission. right now it's going to last for another 22 years untouched, but let's make sure it's stronger, longer. but when it comes to the other entitlement programs, medicare and medicaid, we've got to make certain that we preserve these basic programs, not to go the route of the paul ryan voucherizing, leaving senioring vulnerable for health insurance they cannot find or cannot afford. but make sure we change the program to save the money, reduce the increase in health care costs. medicaid is the one i'll add, joe, that concerns me the most. it has the least politically articulate constituency. these are the poorest people in america. we've got to make sure at the end of the day, we protect the children, mothers with babies, and particularly the frail elderly being covered by medicaid. we can make changes there and preserve the basic integrity of these programs. >> well, of course, people in medicaid don't have the aarp fighting for them day in and day out, running 30-second ads. isn't that one of the gre
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